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Unread 13 Jul 2006, 23:47   #1
dda
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What is wrong with this picture?

I recently read that the second wealthiest country, per capita in Europe is Ireland.

I then heard on a news report this week that the country with the largest amount of accumulated wealth, exclusive of home valures, is also Ireland. The average Irishman having accumulated assets equal to $190,000 American.

Either:

1: I am going to have to reconsider my long held beliefs on what drinking too much does to you you.

or

2. Conclude that they have ceased selling Guiness in Ireland which accounts for the accumulation of wealth.

JBJ----

Is it true? Are you all actually wealthier than Yahwe?
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Unread 14 Jul 2006, 00:09   #2
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Re: What is wrong with this picture?

Quote:
Originally Posted by dda
Is it true? Are you all actually wealthier than Yahwe?
They would be if they didn't piss it all away down at the pub
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Unread 14 Jul 2006, 00:14   #3
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Re: What is wrong with this picture?

Mmmm well house prices have gone up 350% in 7-10 years so that accounts for plenty of the "wealth" in this country. We have a very very large percentage of home owners here, we don't rent as a society. So just about ever family has a valuable home due to the inflation.
Then all the land owners, complex owners, apartment owners, landlords etc are sitting on a lot of value.

Exclusive of house value we have 30,000+ millionaires (as reported this week) for a country with fewer than four million people that is a good deal of wealth.
Plus we have several billionares.
With such a large amassed wealth in the country, devided by the releativly stable population numbers no wonder it looks so goon on the balance sheet.

But I'll be honest. The rich are rich, some are very very rich. And the rest of us...well we scrape by just as always.

Oh wait. This post was a question to Johnny specifically...never mind.
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Unread 14 Jul 2006, 01:03   #4
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Re: What is wrong with this picture?

europe happened, iirc they also have quite a lot of american investment, well europe america and irish government policy like this

http://news.bbc.co.uk/1/hi/business/5024782.stm

which basically meant the state took money from the irish people...then gave it back to the irish people, creating subsidies along the way.
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Unread 14 Jul 2006, 08:59   #5
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Re: What is wrong with this picture?

I heard on World Business Report a while back that Ireland was benefiting a lot (well, more that Britain was missing out, but same thing) because it was the only native English speaking country to have adopted the Euro and was attracting a lot of investment from North America because of that.
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Unread 14 Jul 2006, 12:04   #6
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Re: What is wrong with this picture?

Well who, 10 years ago, could have predicted the gigantic rise in demand for potatoes and leprechauns?!
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Unread 14 Jul 2006, 12:20   #7
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Re: What is wrong with this picture?

Investment increased 600% in Ireland since my announcement that I was entering the workforce.

Quote:
With such a large amassed wealth in the country, devided by the releativly stable population numbers no wonder it looks so goon on the balance sheet.
Our population's rising dramatically dude. Maybe not third world "jesus h christ buy a condom" population growth but it's very high due to immigration.

Quote:
I heard on World Business Report a while back that Ireland was benefiting a lot (well, more that Britain was missing out, but same thing) because it was the only native English speaking country to have adopted the Euro and was attracting a lot of investment from North America because of that.
I'm not sure how correct this is. Ireland's economy expanded enormously during the 90s thanks to tax breaks set up during the 80s which attracted a lot of tech firms. Some of them are moving out now to <insert generic Asian location> so I doubt you'd be putting the euro as attracting american investment on your top five causes list.
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Unread 14 Jul 2006, 12:26   #8
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Re: What is wrong with this picture?

Its because many rich bastards live there wich ****s with the averages.
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Unread 14 Jul 2006, 16:38   #9
dda
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Re: What is wrong with this picture?

So its not ALL Guiness sales then?
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Unread 14 Jul 2006, 16:55   #10
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Re: What is wrong with this picture?

Quote:
Originally Posted by JonnyBGood
I'm not sure how correct this is. Ireland's economy expanded enormously during the 90s thanks to tax breaks set up during the 80s which attracted a lot of tech firms. Some of them are moving out now to <insert generic Asian location> so I doubt you'd be putting the euro as attracting american investment on your top five causes list.


Damn you Jonny. I was just about to post this to look all intelligent and informed and such. You ****ing dick!
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Unread 14 Jul 2006, 19:01   #11
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Re: What is wrong with this picture?

Quote:
Originally Posted by dda
I recently read that the second wealthiest country, per capita in Europe is Ireland.

I then heard on a news report this week that the country with the largest amount of accumulated wealth, exclusive of home valures, is also Ireland. The average Irishman having accumulated assets equal to $190,000 American.

Either:

1: I am going to have to reconsider my long held beliefs on what drinking too much does to you you.

that pretty much sums it up, we drink therefore we are
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Unread 14 Jul 2006, 19:06   #12
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Re: What is wrong with this picture?

I heard Eire no longer wants reunification with Northern Ireland because it would be an economic drain
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Unread 14 Jul 2006, 19:07   #13
gzambo
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Re: What is wrong with this picture?

nah they just cant keep up with us in the pub
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Unread 14 Jul 2006, 19:09   #14
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Re: What is wrong with this picture?

they take "shut yer mouth ya proddy ballacks" too literally?
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